Starting to look a bit more positive IMO. We had cross of 20day and 50day SMAs with both moving up and even the 200day SMA is beginning to level out after the dreadful downturn since the two dry holes. The share price has managed to just about hold above the 200day SMA, the first in a long long time so here's hoping. Calling the expert chartist for better opinion please.
Haven't been on these boards for a long while. Just as mentioned before, I locked my CHAR shares in the bottom drawer and haven't come back to them since. Very interesting to see no results from TLW re Marituania.
Still got my fingers crossed for either a) Oil strike or b) Institutional investor jumping on board. These two things are pretty much the only things that will send us north bound.
Anyhow, hope all had a merry Christmas and best of wishes for the year ahead.
Morning, FinnCap have just reported for Chariot this morning.
Chariot Oil & Gas: Completion of seismic survey (CORP) Yesterday afternoon Chariot Oil & Gas announced the completion of a 2,128km 2D seismic survey over the Southern Block of their licence offshore Namibia, where the company has a 85% working interest and acts as operator. The data will now be processed and calibrated with legacy 2D with a view to identifying the most prospective areas for a 3D programme. The company is simultaneously marketing the Namibian Central Blocks, which are drill ready, and hope to announce a farm-out by the end of H1 2014. Chariot has a diverse and highly prospective acreage position throughout the African Atlantic Margin including licences offshore Mauritania and Morocco. The company aims to undertake zero cost, high impact exploration through partnering and is well funded with more than $50m cash at year end to cover planned expenditure of $34m in 2014. Our valuation remains unchanged and we reiterate our 27p price target.
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